Fenwick
St. Catharines, ON
L2N 4M8
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DEBT ASSISTANCE AT MNP LTD IN FENWICK, ONTARIO
If you’re struggling to break free from the cycle of debt — and short-term fixes are only sinking you further into debt — it’s time to consider a more permanent approach. This is where MNP LTD steps in. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. Your local MNP LTD Licensed Insolvency Trustee in Fenwick will work privately with you to put together a tailored plan of action that’s right for your unique circumstances. We empower you to resolve your financial challenges, so you can finally become debt free.
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Compare your options with a Licensed Insolvency Trustee
One of our Licensed Insolvency Trustees in Fenwick will carefully review all of the options that may work for you, including:
DEBT RELIEF
AT MNP LTD, we know that debt relief is not one-size-fits-all. This is why you can expect to work privately with one of our Licensed Insolvency Trustees, who will help you better understand all of your options and decide on the best path to take. You can depend on us to provide discreet guidance, support and unbiased advice throughout the process, so you can put your debt in the past once and for all.
BANKRUPTCY
Filing for bankruptcy is a formal, structured process that offers you a fresh financial start. Throughout the process, you’ll be assisted by one of our Licensed Insolvency Trustees, who will help you prepare and file all necessary documents, inform your creditors, stop wage garnishments and help prevent any further legal action against you.
CONSUMER PROPOSAL
The consumer proposal process is administered by a Licensed Insolvency Trustee and involves developing a formal, legally binding offer to your creditors that sets out a plan for paying back a portion of your unsecured debts over a period of up to five years. While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.
DEBT CONSOLIDATION
A debt consolidation loan merges all of your debts into one overall loan that you will pay off on a monthly basis, usually at a lower interest rate than your credit card debt. With only one debt payment to make each month, debt consolidation helps take the guesswork out of paying bills on time. As accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.
INSOLVENCY
While you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors on time. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.
Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Your local MNP LTD bankruptcy trustee in Fenwick is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Get started with a free confidential consultation.